Answer:
total stockholders' equity = $660000
Explanation:
provided information
Shares issued = 15,000
par value = $0.01 each
issued price = $39.00 each
net profit = $300,000
dividends paid = $15.00 for each share
to calculate
total stockholders' equity
solution
we derive here the common stock value as
common stock = 15,000 × $39
common stock = $585000
and
the amount for dividends is = $15 × 15000
dividends = 225000
thus
total stockholders' equity will be
total stockholders' equity = common stock + net profit - dividends
total stockholders' equity = $585000 + $300,000 - 225000
total stockholders' equity = $660000
Answer:
The correct option is C: It's more probable that the entrepreneur will establish a more valuable business.
Explanation:
Firstly, the fact that companies are now trading equity for financial backing signals a crucial necessity for managerial resources to secure additional financial support, implying that firms without such backing typically experience better growth compared to those that are unsupported. Consequently, managers strive to obtain financial assistance to invest the incoming funds and improve their business performance. This indicates that when owners successfully secure supportit demonstrates to others that the business can expand, gain value, and ultimately achieve greater success.
To start with,
Let x signify the balance in the first savings account.
Let y signify the balance in the second savings account.
The combined total in the accounts is $9,000, leading to the equation:
x + y = 9000 (1)
Zack withdrew 10% from account x and 60% from account y, totaling $2,175.
Thus,
0.1x + 0.6y = 2175
or
x + 6y = 21750 (2)
To find y, subtract equation (1) from (2):
x + 6y - (x + y) = 21750 - 9000
5y = 12750
y = 2550
Next, from (1), compute:
x = 9000 - 2550 = 6450
Consequently, the balance in the first account is
0.9*x = 0.9*6450 = $5,805, while the balance remaining in the second account is
0.4*y = 0.4*2550 = $1,020.
Final answer:
The balance in the first account is $5,805 and the balance in the second account is $1,020.
